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See below for details of rates previously in effect.
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12/02/07 - 16/05/07
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5.50%
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4.40%
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17/05/07 - 09/06/07
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5.75%
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4.60%
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10/06/07 - 31/07/07
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6.00%
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4.80%
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01/08/07 - 10/12/07
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6.25%
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5.00%
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11/12/07 - 14/02/08
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6.00%
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4.80%
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15/02/08 - 30/04/08
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5.75%
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4.60%
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The gross rate is the contractual rate of interest payable before the deduction of income tax at the rate specified by law (currently 20%).AER stands for annual equivalent rate and illustrates what the interest would be if interest was paid and compounded each year. Net is the rate of interest paid after the deduction of lower rate tax at 20%. Variable interest paid annually. Withdrawals are by transfer to another account only.
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